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Colombia Trade (% GDP)

Colombia's trade (% GDP) fell to 36.89% in 2024, down from 40.39% in 2023, according to World Bank. This represents a decrease of 3.5% from the previous year. Colombia has the 14th lowest trade (% GDP). Within Americas, it ranks 28th out of 32 countries.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 36.89%
2023 40.39%
2022 48.28%
2021 40.06%
2020 34.06%
2019 37.56%
2018 36.53%
2017 35.28%
2016 36.2%
2015 38.36%
2014 37.49%
2013 37.99%
2012 38.84%
2011 39.47%
2010 34.26%
2009 35.16%
2008 39.17%
2007 37.1%
2006 39.64%
2005 37.42%
2004 35.86%
2003 36.52%
2002 32.98%
2001 33.9%
2000 32.67%
1999 36.15%
1998 35.91%
1997 35.6%
1996 36.04%
1995 35.5%
1994 35.92%
1993 36.18%
1992 33.61%
1991 33.53%
1990 34.78%
1989 31.82%
1988 30.14%
1987 29.87%
1986 30.83%
1985 26.33%
1984 24.35%
1983 23.7%
1982 26.1%
1981 27.27%
1980 31.81%
1979 28.66%
1978 30.42%
1977 30.06%
1976 30.94%
1975 29.83%
1974 30.17%
1973 27.59%
1972 26.05%
1971 27.98%
1970 27.83%
1969 25.55%
1968 24.58%
1967 21.55%
1966 24.33%
1965 21.84%
1964 24.61%
1963 24.33%
1962 24.45%
1961 26.82%
1960 30.45%
Colombia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Colombia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $49.77B $56.91B 2023
Annual Imports $62.78B $77.41B 2023
Balance of Trade -$2B -$2B Aug'25
Exports $3.8B $4.4B Aug'25
Exports (% GDP) 15.97% 17.83% 2024
FDI Inflows (% GDP) 3.4% 4.58% 2024
Imports $5.8B $6.5B Aug'25
Imports (% GDP) 20.92% 22.56% 2024
Net Trade (Goods & Services, BoP) -$9.77B -$7.78B 2024
Tariff Rate 3.55% 3.19% 2022